Which of the following statements about implicit and explicit taxes is false? Multiple Choice The taxpayer...
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Which of the following statements about implicit and explicit taxes is false? Multiple Choice The taxpayer pays an explicit tax to the taxing jurisdiction. O An Investment yielding ordinary income taxed at the regular tax rates should not have an implicit tax. Any implicit tax on investment income is always more than the explicit tax on the income. An implicit tax reduces the before-tax yield on an investment. Which of the following statements about implicit and explicit taxes is false? Multiple Choice The taxpayer pays an explicit tax to the taxing jurisdiction. O An Investment yielding ordinary income taxed at the regular tax rates should not have an implicit tax. Any implicit tax on investment income is always more than the explicit tax on the income. An implicit tax reduces the before-tax yield on an investment.
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The answer is C The implicit taxes Ia are the price investo... View the full answer
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date:
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